Question
If I borrowed $100,000. I have to pay this money back for three years. But interest does not apply in the first year. In the
If I borrowed $100,000. I have to pay this money back for three years. But interest does not apply in the first year. In the second and third years, 5 percent of the remaining amount is added. I always want to pay the same amount.
How much should I pay a year?
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
